FloQast Supports ASC 606 Compliance by Providing a Multi Book Close for Accountants

On September 11, 2018, FloQast announced multi-book accounting capabilities designed to help organizations to support ASC 606 compliant financial closes by supporting dual reporting on revenue recognition and related expenses. As Amalgam Insights has covered in prior research, ASC 606/IFRS 15 standards for recognizing revenue on subscription services are currently required for all public companies…

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FloQast Announces Visualizations to Improve the Financial Close

Industry: Accounting and Audit Automation Key Stakeholders: CIO, CFO, IT Controllers, Finance Managers, Accounting Managers On January 23rd, 2018, FloQast announced new visualization capabilities for its Close Analytics solution initially launched in April of 2017. These visualizations included views of retrospective and close trends, progress in entity management, and a filtered isolation of high risk…

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AI for the Accounting Guy: MindBridge Artificial Intelligence-Auditor

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AritificialFictionBrain from https://zh.wikipedia.org/wiki/User:David290/Artificial_intelligence

Amalgam Insights’ Net-Net Summary of Mindbridge Ai

Based on a briefing with MindBridge Ai on June 19, 2017 and MindBridge Ai’s $4.3 million funding round on the same date, this summary provides guidance to auditors and accountants seeking guidance on applying artificial intelligence to risk, compliance, and audit efforts. Amalgam Insights believes that this emerging approach is an important governance step for financial transactions as digital transactions become increasingly diverse and auditors are responding by either building self-built tools or working with internal data science teams.

Why Mindbridge Ai Matters for Financial Audiences

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